Pelican Energy Partners Acquires Baker Hughes' Surface Pressure Control Flow Business (Vault Pressure Control)

Cactus Completes Acquisition of 65% Controlling Interest in Baker Hughes Surface Pressure Control Business

January 2, 2026

Industrial Services

Cactus, Inc. completed its acquisition of a 65% controlling interest in Baker Hughes Company's Surface Pressure Control (SPC) business. The acquisition gives Cactus majority operational control, while Baker Hughes retains 35% ownership in a joint venture formed to hold SPC.

Scout Surface Solutions Acquires Kinetic Pressure Control Ltd.

May 5, 2025

Oil & Gas

Scout Surface Solutions LLC has acquired Kinetic Pressure Control Ltd. from SCF Partners (SCF Ventures). The deal brings Kinetic’s patented pressure and flow control technologies (including the K-BOS shear and seal device) into Scout’s completions and surface solutions platform to expand technical capabilities and global reach.

Stratim Cloud Acquisition Corp. Signs LOI to Acquire Force Pressure Control, LLC

February 14, 2023

Energy

Stratim Cloud Acquisition Corp. (a Nasdaq-listed SPAC) signed a binding letter of intent to acquire 100% of Force Pressure Control, LLC, a Texas-based provider of pressure-control rental tools and services for frac and flowback operations. The proposed consideration includes 12 million SCAC Class A shares, $120 million in cash or notes, and an earnout of up to 3 million additional shares contingent on 2023 EBITDA; the deal is intended to close following definitive agreement and approvals.

Innovex Acquires Pride Energy Services from Vault Pressure Control

August 22, 2021

Energy

Innovex Downhole Solutions acquired Pride Energy Services from Vault Pressure Control (a portfolio company of Pelican Energy Partners). Pride, headquartered in Midland, Texas, is a leading provider of ESP cable preparation and cable spooling services supporting Permian, Bakken and Alaska operations; the acquisition expands Innovex's artificial-lift and cable-management capabilities.

DistributionNOW Acquires Performance Multi‑Flow Solutions from Vault Pressure Control

June 10, 2021

Energy

DistributionNOW (DNOW) has acquired Performance Multi‑Flow Solutions, a Midland, Texas‑based rental provider of trailer‑mounted horizontal pumps for saltwater disposal, from Vault Pressure Control, a portfolio company of Pelican Energy Partners. The transaction expands DNOW’s service and rental capabilities in produced‑water/saltwater disposal and strengthens its upstream oilfield services offering.

Covenant Testing Technologies Combines with Stuart Pressure Control

August 18, 2020

Energy

Covenant Testing Technologies has combined with Stuart Pressure Control in an equity-for-equity transaction that creates a larger independent well flowback and pressure control platform serving major U.S. shale basins. The combined business is owned by Catapult Energy Services Group (an NGP / NGP Energy Technology Partners portfolio company) alongside affiliates of White Deer Energy and will expand pressure control, flowback, sand management and related services across the Permian, DJ, Eagle Ford and Haynesville.